Contracts of affreightment (COA) – bulk cargoes
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Free time used for cargo work
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Laydays - cancelling date
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Free time used v. time used in excepted periods
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Rise in shipments under short term COA prompts new BIMCO standard form
As a result of a rising number of shipments of industrial raw materials such as bauxite, coal and iron ore being transported under COAs, BIMCO is working on a new standard form of contract of affreightment (COA).
Key topics discussed at BIMCO’s February Documentary Committee meeting
BIMCO’s approval body for contracts and clauses gathered on 23 February to discuss a highly topical agenda. Two contracts of affreightment and a contract for conversion work on ships were adopted. Split views on whether adopting the ETSA Clause was premature postponed the adoption of this clause.
Booking note
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“Ever Given” Suez delays – who pays for the consequences?
Although the container ship “Ever Given” was fortunately freed after less than a week blocking the Suez Canal, the consequences for owners and operators due to the delays caused may last for several weeks or even months.
Prolonged stay in port
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Non-execution - brokerage
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